Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations (Tables)

v3.20.2
Customer and Supplier Concentrations (Tables)
12 Months Ended
Jun. 30, 2020
Risks And Uncertainties [Abstract]  
Schedule of Concentration of Risk, by Risk Factor

Customer Concentration

Customers providing 10 percent or more of the Company's revenues for the year ended June 30, 2020 are presented on a comparative basis, with their corresponding balances for the year ended June 30, 2019 in the table below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total revenue

 

$

5,461,094

 

 

 

100.0

%

 

$

4,783,157

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HSBC Bank USA(1)

 

$

674,454

 

 

 

12.4

%

 

$

1,243,733

 

 

 

26.0

%

Customer A

 

 

603,572

 

 

 

11.0

%

 

 

351,515

 

 

 

7.4

%

 

 

$

1,278,026

 

 

 

23.4

%

 

$

1,595,248

 

 

 

33.4

%

 

(1)

Sales with these trading partners are primarily comprised of sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product.

Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2020 and June 30, 2019 are presented on a comparative basis in the table below.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

49,142

 

 

 

100.0

%

 

$

26,895

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer B

 

$

9,667

 

 

 

19.7

%

 

$

1,523

 

 

 

5.7

%

 

Customers providing 10 percent or more of the Company's secured loans receivable as of June 30, 2020 and June 30, 2019 are presented on a comparative basis in the table below.

 

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total secured loans

 

$

63,710

 

 

 

100.0

%

 

$

125,298

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stack's Bowers

 

$

8,797

 

 

 

13.8

%

 

$

14,058

 

 

 

11.2

%